Rapid Advancement of Golden Hill Brings Teranga Gold One Step Closer to an Initial Resource in 2018

Ongoing solid results from Ma prospect include 15 metres @ 4.22 g/t gold

Golden Hill Property - Prospect Location Plan Map Ma Prospect - Drill Plan Ma Prospect - Representative Drill Section (A - A') Ma Prospect - Representative Drill Section (B - B') Ma Prospect - Representative Drill Section (G - G') Ma Prospect - Representative Drill Section (C - C')

Ma prospect is a 2.3 kilometre long mineralized system
comprising multiple mineralized zones within a broad regional structural complex

TORONTO, Nov. 17, 2017 (GLOBE NEWSWIRE) -- Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ) is pleased to announce that advanced drilling continues to yield new discoveries and high-grade, near surface and deeper gold mineralization at the Ma prospect on its Golden Hill property in Burkina Faso, West Africa. Teranga has an earn-in agreement on the Golden Hill property with Boss Resources Limited (ASX:BOE) pursuant to which Teranga, as the operator, can earn an 80% interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million.

“Golden Hill is shaping up to be a very important component of our growth plan,” stated Richard Young, President and Chief Executive Officer.  “With these positive results at Ma together with the recent addition of Jackhammer Hill, as well as, Peksou and Nahiri, we now have four centrally-located, advanced exploration prospects and we are rapidly advancing this project to evaluate the potential scale and grades leading towards an initial resource in 2018.”

Each of Golden Hill’s four prospects are located approximately 5 kilometres from a central point (Figure 1 in Appendix 1), which aligns well with Teranga’s expertise of mining multiple deposits utilizing a centralized plant facility.

Advanced drilling at the Ma prospect, one of four drilled to date at Golden Hill, continues to return excellent grades and widths of gold mineralization near surface and to depth. Recent drilling highlights at Ma include:

• 15 m @  4.22 g/t Au including 7 m @ 7.89 g/t Au including 2 m @ 17.6 g/t Au (GHDD-067)

• 16 m @  3.20 g/t Au including 1 m  @ 15.7 g/t Au, and 3 m @ 6.14 g/t Au (GHDD-078)

•  6 m @ 5.79 g/t Au and 17 m @ 3.45 g/t Au including 6 m @ 6.32 g/t Au (GHDD-080)

The program has also identified a parallel structure to Ma known as Ma North. This new extension returned good grades and widths from a limited initial step-out drill program, including 3 metres @ 4.42 g/t Au and 7 metres @ 1.75 g/t Au. The Ma area appears to be developing into a broad regional structural complex of mineralized zones.

“The recent results from Ma continue to demonstrate excellent continuity and correlation for both the BZ-1 and BZ-2 mineralized zones along the entire extent along strike drilled to date at the Ma prospect,” stated David Mallo, Vice President, Exploration. “The positive drill results at Ma serve to confirm the along trend and  down-dip continuity of grade and width from surface exposure to down-dip depths now approaching 125 metres at this quickly advancing prospect. Our initial step-out drilling at Ma North has successfully intersected similar Ma style alteration, brecciation and mineralization, further expanding the overall Ma target across a broader structural complex.”   

Added Mr. Mallo, “We will continue to test the Ma structural complex and the Jackhammer Hill prospect, as well as, our Nahiri and Peksou prospects, through the remainder of the year and into next year.”   

The Golden Hill property is comprised of three adjacent exploration permits covering 470 km² located in southwest Burkina Faso in the central part of the Houndé Greenstone Belt. This belt hosts a number of high-grade gold discoveries, including the Siou, Yaramoko and Houndé deposits, the latter property being contiguous with Golden Hill.  To the south of Golden Hill is another large land position where active exploration programs are well underway.

Ma and Ma North Prospects

At the Ma prospect, diamond drilling has focused on testing the primary northwest trending Ma structure (BZ-1), a secondary parallel, northwest trending structure (BZ-2) and most recently the Ma North structural zone (Figure 2 in Appendix 1). Gold mineralization at the Ma prospect is hosted by strike-extensive, favourably altered, pyritic, silicified and brecciated shear systems within a sequence of mafic volcanics intruded by at least two distinct phases of granitic intrusive bodies.  

The phase three drill program began at the Ma prospect in early August and is ongoing.  This drill program is a continuation of the previous drill phases, and is designed to further evaluate the currently outlined strike extent on regularly spaced sections, extend drilling further along trend and continue testing down dip depth extensions below the favourable gold mineralized intervals previously announced from drill phases one and two. To date, a minimum 1,500-metre extent along strike of the primary Ma structure has been intersected successfully by diamond drilling within the overall + 2,300-metre drilled extent that includes both our diamond and reverse circulation drilling (Figure 2 in Appendix 1).  The Ma mineralization remains open to further expansion both along trend and to depth at all areas drilled to date; Ma Main (BZ-1, BZ-2), Ma East and Ma North. In addition, within this developing structural complex we recognize other prospective areas displaying similar favorable structural orientation and geochemical anomalism to the south.

Representative sections from the Ma prospect are included (Figures 3, 4, 5 and 6 in Appendix 1), which demonstrate the correlation and continuity observed along strike for the mineralized structural zones from surface to minimum vertical drilled depths approaching 70-75 metres that correlates to approximately 125 metres down dip. One of these representative sections, G-G’ (Figure 5 in Appendix 1), includes drill hole GHDD-080 which is one of the deeper holes completed to date at the Ma prospect and demonstrates excellent correlation, grades and widths for both BZ-1 and BZ-2 mineralized zones. A complete listing of the drilling results reported in this news release, is included in Table 1. 

A complete listing of assay highlights from all Ma prospect diamond drill holes completed to date are shown in an all-prospect combined results Table 2 in Appendix 1.

Drilling Results Table Table 1: Ma Prospect (Including Ma North) – Selected Drill Highlights
Hole #	Northing *	Easting *	Elevation	Azimuth	Dip	EOH (m)	Interval  (m)*	Core length (m)*	Grade (g/t Au)
GHDD-066	1237642	451860	383	021	-45	149	52-56	4	3.18
							108-112	4	3.32
							140-143	3	1.40
GHDD-067	1237729	451901	384	021	-45	59	35-50	15	4.22
			Including				35-42	7	7.89
			Including				40-42	2	17.57
GHDD-068	1237734	451944	386	021	-45	75	3-5	2	2.57
							9-12	3	2.82
							21-28	7	1.42
GHDD-069	1237665	451912	385	021	-45	120	41-43	2	2.01
							67-70	3	3.49
							78-87	9	3.73
			Including				81-84	3	7.92
GHDD-070	1237683	451996	392	021	-45	88	17-19	2	1.41
							48-50	2	1.37
GHDD-071	1237649	451976	388	021	-45	113	12-15	3	1.34
							41-42	1	3.09
							69-76	7	2.58
			Including				69-71	2	4.47
GHDD-072	1237705	451976	389	021	-45	74	11-17	6	2.13
			Including				16-17	1	9.64
							40-44	4	1.55
							66-69	3	2.14
							73-74	1	3.35
GHDD-073	1237671	451953	387	021	-45	110	67-71	4	1.65
GHDD-074	1237668	452029	394	021	-45	89	7-13	6	1.51
							39-46	7	4.31
			Including				39-40	1	25.85
GHDD-075	1237693	452040	400	021	-45	70	17-18	1	15.65
							37-40	3	8.08
GHDD-076	1237628	452010	390	021	-45	110	14-16	2	1.08
							75-77	2	1.57
GHDD-077	1237615	452048	391	025	-45	99	30-35	5	2.39
							71-84	11	1.02
			Including				82-84	2	3.71
GHDD-078	1237579	452029	390	025	-45	122	54-62	8	1.52
							85-87	2	1.59
							96-112	16	3.20
			Including				102-103	1	15.73
			And				108-111	3	6.14
GHDD-079	1237580	452083	392	025	-45	52	34-39	5	1.22
GHDD-080	1237759	451804	390	025	-45	140	57-58	1	1.65
							74-77	3	1.25
							80-81	1	2.67
							87-93	6	5.79
							98-101	3	1.39
							119-136	17	3.45
			Including				122-128	6	6.32
GHDD-081	1237665	452131	408	021	-45	60	23-24	1	1.53
GHDD-082	1237660	452148	409	021	-45	57	18-23	5	3.55
			Including				19-21	2	8.03
GHDD-083	1237630	452117	398	021	-45	67	36-37	1	2.04
							39-45	6	1.11
GHDD-084	1237595	452095	393	021	-45	79	18-20	2	1.30
							29-30	1	1.82
							74-75	1	1.66
MA NORTH
GHDD-153	1237929	452056	370	010	-45	97	41-44	3	4.42
			Including				42-43	1	12.09
GHDD-154	1228260	451768	378	010	-45	86	23-28	5	1.36
GHDD-155				010	-45	78	36-43	7	1.75
			Including				39-41	2	3.28
GHDD-156	1237897	452405	375	010	-45	86	29-31	2	1.28
GHDD-157	1237901	452370	370	010	-45	98		NSR
GHDD-158	1228260	451768	373	010	-45	101	28-29	1	1.76
GHDD-159	1237820	452935	380	010	-45	110	50-52	2	1.25
* Intervals calculated with a 0.4 g/t Au cut-off and 2 metres maximum internal dilution. True widths are unknown. UTM's are WGS84-30N
Intervals with grade x thickness (gram x metre) of 10 or higher are in bold.

Other Activities & Next Steps

In addition to the ongoing drilling at the Ma and Jackhammer Hill prospects, follow-up drilling is also planned for both the Nahiri and Peksou prospects in the fourth quarter. The Company also plans initial field evaluations at a number of other yet undrilled prospects, to include Didro, Intie, Nabere and Nabale prospects.  Geologic modeling and initial resource estimation for the most advanced prospects is also being planned for 2018.

Qualified Persons Statements

Teranga's exploration programs in Burkina Faso are managed by Peter Mann, FAusIMM. Mr. Mann is a full time employee of Teranga and is not "independent" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Mann has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Qualified Person" under NI 43-101. The technical information contained in this news release relating to exploration results are based on, and fairly represents, information compiled by Mr. Mann. Mr. Mann has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information. The RC and diamond core samples are assayed at the BIGGS Laboratory in Ouagadougou, Burkina Faso. Mr. Mann has consented to the inclusion in this news release of the matters based on his compiled information in the form and context in which it appears herein, and approved such disclosure. 

Quality Assurance and Quality Control

For details on the quality assurance program and quality control measures applied during the execution of the exploration work and results reported on herein please refer to Chapter 11 – Sample Preparation, Analyses and Security of the Technical Report on the Banfora Gold Project, Burkina Faso West Africa dated October 20, 2017 available on the Company’s website at http://www.terangagold.com and SEDAR at www.sedar.com.

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), which reflects management's expectations regarding Teranga's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and opportunities. Wherever possible, words such as “objective to”, “likely”, “intend to”, “potential”, “belief”, “believe”, “expects”, “estimates”, “plans”, “anticipated”, “ability” and similar expressions or statements that certain actions, events or results “should”, or "will" have been used to identify such forward-looking information. Forward-looking statements include, without limitation, all disclosure regarding possible events, conditions or results of operations, future economic conditions and anticipated courses of action. Although the forward-looking statements contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Teranga cannot be certain that actual results will be consistent with such forward-looking statements. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, including renewals of the Golden Hill exploration permits in 2018, the accuracy of sampling, analytical and test data underlying the exploration results included herein, gold price, exchange rates, fuel and energy costs, future economic conditions, and anticipated future estimates of free cash flow. Teranga cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of gold and other key inputs, changes in mine plans and other factors, such as project execution delays, many of which are beyond the control of Teranga, as well as other risks and uncertainties which are more fully described in Teranga's Annual Information Form dated March 30, 2017, and in other filings of Teranga with securities and regulatory authorities which are available at www.sedar.com. Teranga does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Teranga securities. All references to Teranga include its subsidiaries unless the context requires otherwise.

About Teranga

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 5,000 km² of land located on prospective gold belts.  Since its initial public offering in 2010, Teranga has produced more than 1.2 million ounces of gold from its operations in Senegal, which as of June 30, 2017 had a reserve base of 2.7 million ounces of gold.  Focused on diversification and growth, the Company is advancing its Banfora development project and conducting extensive exploration programs in three countries: Burkina Faso, Senegal and Côte d’Ivoire.  Teranga has a strong balance sheet and the financial flexibility to grow its business.

Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders.  Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report. The Company's responsibility report, is available at www.terangagold.com/responsibilityreport and is prepared in accordance with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative guidelines.

Contact Information

Richard Young President & CEO T: +1 416-594-0000 | E: ryoung@terangagold.com	Trish Moran Head of Investor Relations T: +1 416-564-4290 | E: tmoran@terangagold.com

APPENDIX 1

Table 2: DDH Highlight Results for All Prospects
(GHDD-001 to 084; GHDD-101 to 116; GHDD-153 to 159)

Hole #	Northing *	Easting *	Elevation	Azimuth	Dip	EOH (m)	Interval  (m) *	Core length (m) *	Grade (g/t Au)
MA
GHDD-008	1237670	452122	408	055	-45	65	23.0-24.0	1.0	1.16
GHDD-009	1237602	452159	398	055	-45	80	31.0-32.0	1.0	2.05
							58.0-61.0	3.0	1.60
GHDD-010	1237505	452175	399	039	-45	122	39.5 - 46.0	6.5	2.67
			Including				40.0 - 42.0	2.0	5.03
							52.0 - 55.0	3.0	8.86
							81.0 - 87.0	6.0	1.39
							100.0 - 103.0	3.0	0.97
							116.0 - 117.0	1.0	1.52
GHDD-011**	1237408	452333	434	024	-45	62	29.2 - 40.0**	9.8	1.92
			Including				29.2 - 34.5	5.3	2.62
			Including				32.8 - 34.5	1.7	6.06
GHDD-012	1237377	452363	440	020	-45	92	30.0 - 31.0	1.0	3.93
							34.0 - 41.0	7.0	1.81
			Including				34.0 - 37.0	3.0	2.94
GHDD-013	1237342	452435	437	024	-45	88	23.0 - 26.0	3.0	1.22
							79.0 - 80.0	1.0	1.51
GHDD-014	1237297	452457	428	024	-45	63	45.0 - 54.0	9.0	1.55
			Including				53.0 - 54.0	1.0	9.20
GHDD-015	1237231	452621	412	020	-45	66	20.9 - 28.8	7.9	2.71
			Including				26.2 - 28.8	3.6	5.24
							56.0 - 58.0	2.0	1.77
GHDD-016	1236966	452873	375	040	-45	59	11.0 - 15.0	4.0	1.27
							26.0 - 28.0	2.0	2.73
GHDD-017	1237758	451855	382	039	-45	111	32.0 - 37.2	5.2	5.16
			Including				34.0 - 37.2	3.2	7.38
GHDD-018	1237607	452249	406	020	-45	80	25.0 - 26.0	1.0	1.99
GHDD-019	1237675	452205	412	279	-45	80		NSR
GHDD-020	1237687	452084	408	024	-45	80	23.6 - 28.5	4.9	3.64
			Including				25.9 - 27.9	2.0	7.60
GHDD-029	1237524	452149	397	025	-45	70	36.0-41.0	5.0	1.50
			Including				38.0-39.0	1.0	5.11
GHDD-030	1237351	452393	438	025	-45	83	30.0-31.0	1.0	3.15
							33.0-39.0	6.0	1.40
			Including				36.0-38.0	2.0	2.24
							64.0-65.0	1.0	2.93
GHDD-031	1237217	452656	409	025	-45	60	22.0-35.0	13.0	1.30
			Including				24.0-31.0	7.0	1.95
			Including				26.0-28.0	2.0	2.70
GHDD-032	1237148	452798	392	025	-45	94	44.0-46.0	2.0	1.01
GHDD-033	1237188	452725	405	025	-45	95	50.0-52.0	2.0	1.99
							56.0-67.0	11.0	1.80
			Including				58.0-61.0	3.0	2.79
GHDD-034	1237178	452725	406	025	-45	80	36.0-37.0	1.0	1.34
GHDD-035	1237253	452544	416	025	-45	80	40.0-41.0	1.0	1.21
GHDD-036	1237251	452506	420	025	-45	80		NSR
GHDD-037	1237287	452474	425	025	-45	100	51.0-53.0	2.0	1.67
GHDD-038	1237263	452441	426	025	-45	101	78.0-82.0	4.0	3.38
GHDD-039	1237304	452417	431	025	-45	77	54.0-57.0	3.0	1.02
							63.0-64.0	1.0	1.76
GHDD-040	1237344	452347	442	025	-45	83	64.0-73.0	9.0	4.04
			Including				67.0-70.0	3.0	9.44
							79.0-81.0	2.0	1.63
GHDD-041	1237373	452315	439	025	-45	92	64.0-72.0	8.0	1.36
			Including				66.0-68.0	2.0	3.04
							78.0-79.0	1.0	2.50
GHDD-042	1237442	452258	417	025	-45	92	46.0-48.0	2.0	1.25
							56.0-58.0	2.0	1.76
GHDD-043	1237482	452196	403	025	-45	104	47.0-49.0	2.0	2.01
							59.0-61.0	2.0	4.64
							87.0-95.0	8.0	3.43
			Including				90.0-93.0	3.0	8.02
			Including				92.0-93.0	1.0	18.22
GHDD-044	1237472	452155	399	025	-45	122	72.0-74.0	2.0	3.13
							95.0-102.0	7.0	1.31
			Including				96.0-99.0	3.0	2.18
							111.0-112.0	1.0	2.51
GHDD-045	1237736	451839	382	025	-45	102	49.0-56.0	7.0	1.31
			Including				51.0-54.0	3.0	2.49
GHDD-046	1237714	451894	387	025	-45	104	15.0-16.0	1.0	11.12
							24.0-26.0	2.0	3.59
							44.0-57.0	13.0	5.84
			Including				50.0-56.0	6.0	11.35
			Including				53.0-56.0	3.0	18.82
GHDD-047	1237561	452075	395	025	-45	80	23.0-26.0	3.0	2.05
							40.0-44.0	4.0	1.17
							45.0-53.0	8.0	2.00
			Including				49.0-52.0	3.0	4.23
GHDD-048	1237573	452005	393	025	-45	103	77.0-78.0	1.0	5.31
GHDD-049	1237632	451942	390	025	-45	104	38.0-39.0	1.0	2.46
							97.0-103.0	6.0	1.31
			Including				97.0-98.0	1.0	4.13
GHDD-050	1237650	452065	399	025	-45	71	36.0-38.0	2.0	1.58
							50.0-52.0	2.0	3.98
GHDD-051	1237718	452013	402	025	-45	86	15.0-17.0	2.0	1.46
							24.0-32.0	8.0	11.29
			Including				25.0-28.0	3.0	29.09
			Including				25.0-26.0	1.0	72.75
GHDD-052	1237678	451876	385	025	-45	101	74.0-82.0	8.0	2.04
			Including				79.0-82.0	3.0	4.02
GHDD-053	1237697	451929	389	025	-45	80	33.0-36.0	3.0	1.44
							48.0-50.0	2.0	1.61
							53.0-59.0	6.0	2.13
GHDD-054	1237179	452641	407	025	-45	80	44.0-45.0	1.0	1.20
							59.0-60.0	1.0	1.95
GHDD-055	1237161	452680	411	025	-45	90	41.0-48.0	7.0	7.38
			Including				41.0-42.0	1.0	46.60
							54.0-55.0	1.0	2.46
							60.0-68.0	8.0	1.56
GHDD-056	1237202	452698	413	025	-45	60	27.0-33.0	6.0	1.05
			Including				31.0-32.0	1.0	1.73
GHDD-057	1237245	452582	419	025	-45	60	47.0-48.0	1.0	9.33
GHDD-058	1237213	452567	415	025	-45	89	54.0-60.0	6.0	1.62
			Including				55.0-57.0	2.0	2.82
							80.0-81.0	1.0	2.33
GHDD-059	1237777	451863	382	017	-45	40	9.0-11.0	2.0	1.84
							14.0-31.0	17.0	2.52
			Including				22.0-30.0	8.0	4.20
			Including				25.0-29.0	4.0	6.34
GHDD-060	1237698	451823	381	017	-45	100	36.0-40.0	4.0	1.04
							84.0-89.0	5.0	2.30
GHDD-061	1237796	451821	380	017	-45	80	11.0-12.0	1.0	1.11
							15.0-18.0	3.0	1.04
							21.0-30.0	9.0	4.81
			Including				21.0-25.0	4.0	8.51
GHDD-062	1237759	451804	380	017	-45	125	38.0-39.0	1.0	1.74
							57.0-58.0	1.0	1.56
							61.0-62.0	1.0	2.11
							66.0-67.0	1.0	1.54
GHDD-063	1237777	451770	380	017	-45	125	43.0-55.0	12.0	12.28
			Including				46.0-50.0	4.0	34.04
			Including				46.0-48.0	2.0	57.68
GHDD-064	1237793	451732	380	021	-45	116		NSR
GHDD-065	1237757	451716	380	021	-45	128	55.0-56.0	1.0	2.79
							70.0-71.0	1.0	5.90
							76.0-84.0	8.0	2.64
			Including				82.0-84.0	2.0	4.66
							93.0-94.0	1.0	1.50
							104.0-105.0	1.0	1.66
GHDD-066	1237642	451860	383	021	-45	149	52-56	4	3.18
							108-112	4	3.32
							140-143	3	1.40
GGHDD-067	1237729	451901	384	021	-45	59	35-50	15	4.22
			Including				35-42	7	7.89
			Including				40-42	2	17.57
GHDD-068	1237734	451944	386	021	-45	75	3-5	2	2.57
							9-12	3	2.82
							21-28	7	1.42
GHDD-069	1237665	451912	385	021	-45	120	41-43	2	2.01
							67-70	3	3.49
							78-87	9	3.73
							81-84	3	7.92
GHDD-070	1237683	451996	392	021	-45	88	17-19	2	1,41
							48-50	2	1.37
GHDD-071	1237649	451976	388	021	-45	113	12-15	3	1.34
							41-42	1	3.09
							69-76	7	2.58
			Including				69-71	2	4.47
GHDD-072	1237705	451976	389	021	-45	74	11-17	6	2.13
			Including				16-17	1	9.64
							40-44	4	1.55
							66-69	3	2.14
							73-74	1	3.35
GHDD-073	1237671	451953	387	021	-45	110	67-71	4	1.65
GHDD-074	1237668	452029	394	021	-45	89	7-13	6	1.51
							39-46	7	4.31
			Including				39-40	1	25.85
GHDD-075	1237693	452040	400	021	-45	70	17-18	1	15.65
							37-40	3	8.08
GHDD-076	1237628	452010	390	021	-45	110	14-16	2	1.08
							75-77	2	1.57
GHDD-077	1237615	452048	391	025	-45	99	30-35	5	2.39
							71-84	11	1.02
			Including				82-84	2	3.71
GHDD-078	1237579	452029	390	025	-45	122	54-62	8	1.52
							85-87	2	1.59
							96-112	16	3.20
			Including				102-103	1	15.75
			And				108-111	3	6.14
GHDD-079	1237580	452083	392	025	-45	52	34-39	5	1.22
GHDD-080			390	025	-45	140	57-58	1	1.65
							74-77	3	1.25
							80-81	1	2.67
							87-93	6	5.79
							98-101	3	1.39
							119-136	17	3.45
			Including				122-128	6	6.32
GHDD-081	1237665	452131	408	021	-45	60	23-24	1	1.53
GHDD-082	1237660	52148	409	021	-45	57	18-23	5	3.55
			Including				19-21	2	8.03
GHDD-083	1237630	452117	398	021	-45	67	36-37	1	2.04
							39-45	6	1.11
GHDD-084	1237595	452095	393	021	-45	79	18-20	2	1.30
							29-30	1	1.82
							74-75	1	1.66
MA NORTH
GHDD-153	1237929	452056	370	010	-45	97	41-44	3	4.42
			Including				42-43	1	12.09
GHDD-154	1237929	452373	375	010	-45	86	23-28	5	1.36
GHDD-155	1237853	452562	378	010	-45	78	36-43	7	1.75
			Including				39-41	2	3.28
GHDD-156	1237897	452405	375	010	-45	86	29-31	2	1.28
GHDD-157	1237901	452370	370	010	-45	98		NSR
GHDD-158	1228260	451768	373	010	-45	101	28-29	1	1.76
GHDD-159	1237820	452935	380	010	-45	110	50-52	2	1.25
NAHIRI
GHDD-021	1233908	450542	367	065	-50	115	35.0-45.0	10.0	1.89
			Including				43.0-45.0	2.0	5.18
GHDD-022	1233926	450582	366	065	-60	50		NSR
GHDD-023	1233793	450684	360	065	-50	92	21.0-23.0	2.0	2.14
							25.0-26.0	1.0	1.07
							27.0-28.0	1.0	1.62
							29.0-30.0	1.0	1.06
							46.0-47.0	1.0	1.44
GHDD-024	1233779	450653	360	065	-50	96		NSR
GHDD-025	1233853	450621	364	065	-50	78	33.0-41.0	8.0	2.09
		Including					33.0-34.0	1.0	12.14
GHDD-026***	1233838	450587	366	065	-50	66	4.0-38.0***	34.0***	6.08
		Including					9.0-23.0***	14.0***	12.38
		Including					20.0-21.0	1.0	140.3
GHDD-027	1233726	450717	360	065	-50	71		NSR
GHDD-028	1233741	450755	359	065	-50	23		LOST HOLE
PEKSOU
GHDD-003	1227814	452129	299	200	-50	83	27.0-63.0	36.0	2.32
			Including				47.0-59.0	12.0	3.70
			Including				58.0-59.0	1.0	11.19
GHDD-004****	1227774	452167	298	200	-50	98	11.0-93.0	82.0****	1.43
			Including				23.0-24.0	11.0	2.55
			And				89.0-93.0	4.0	5.76
GHDD-005	1227650	452364	297	020	-50	59	15.0-23.0	8.0	5.97
			Including				18.0-21.0	3.0	13.46
GHDD-006	1227598	452364	297	020	-50	55	26.0-32.0	6.0	20.33
			Including				26.0-28.0	2.0	56.16
			Including				27.0-28.0	1.0	96.08
GHDD-007	1227598	452401	297	020	-50	65	8.0-10.0	2.0	3.22
							32.0-37.0	5.0	2.79
			Including				35.0-36.0	1.0	9.49
JACKHAMMER HILL
GHDD-001	1229970	452784	325	131	-55	106	89.8-95.0	5.2	1.26
GHDD-002	1230021	452822	328	135	-55	125	3.0-4.0	1.0	1.48
GHDD-101	1230165	453031	344	311	-55	129	27-30	3	1.07
GHDD-102	1230101	452980	339	311	-55	138	22-29	7	1.28
							129-134	5	1.34
GHDD- 103	1229946	452855	329	311	-55	119	50-60	10	3.44
			Including				53-54	1	19.02
GHDD-104	1229914	452884	330	315	-55	135	44-53	9	4.13
			Including				45-48	3	10.63
			Including				47-48	1	25.28
							63-64	1	1.31
							93-108	15	5.72
			Including				98-102	4	16.37
			Including				100-101	1	42.07
GHDD-105	1229866	452818	328	315	-55	110	25-26	1	1.63
GHDD-106	1229792	452782	329	315	-55	119	23-27	4	1.05
							36-40	4	1.36
GHDD-107	1229964	452888	331	315	-55	140	22-23	1	15.38
							54-56	2	7.45
GHDD-108	1229930	452909	315	315	-55	150	57-58	1	3.57
							76-77	1	3.30
							104-107	3	2.93
							140-145	5	1.40
GHDD-109	1229879	452869	330	311	-55	130	60-61	1	1.57
							76-78	2	1.83
							113-119	6	3.00
			Including				116-117	1	10.22
GHDD-110	1229986	452916	335	311	-55	140	19-21	2	3.05
							69-70	1	4.98
							73-78	5	2.15
			Including				77-78	1	6.82
GHDD-111	1230017	452952	330	311	-55	142	15-18	3	1.78
							52-55	3	1.45
						Uncut	66-80	14	110.6
			Including			Uncut	66-71	5	306.7
			Including			Uncut	67-68	1	1,498.8
							66-80	14	5.71
			Including			Cut	66-71	5	12.92
			Including			Cut	67-68	1	30.00
GHDD-112	1230048	452981	338	311	-55	150	40-44	4	1.24
							101-103	2	3.16
GHDD-113	1230074	453012	339	311	-55	120	32-33	1	2.75
GHDD-114	1230159	452925	339	311	-50	146	132-134	2	1.44
GHDD-115	1229848	452783	328	311	-55	104	15-16	1	2.89
GHDD-116	1229835	452848	331	311	-50	149	118-119	1	1.36
* Intervals calculated with a 0.4 g/t Au cut-off and 2 metres maximum internal dilution. Sampling used lithologic contacts for the initial drill program, standard metre-metre sampling will be utilized in future. True widths are unknown. UTM's are WGS84-30N
** Interval includes 2 metres of no recovery (34.5-36.5) where hole intersected an artisanal opening
*** During the drilling of the mineralized interval of 4 to 38 metres in drill hole GHDD-026, there were four metre-by-metre samples for which no recovery was reported: (11-12 m, 12-13m, 15-16 m and 19-20m).  As such, both the 34-metre and 14-metre intervals reported in the above Table include these four metres without sample material available for analysis.  Each of these individual samples have been given a nil value in the reported interval calculations.
**** Drill hole GHDD-004 was designed as a test of the continuity of mineralization identified by historic RC drilling and to provide a continuous drill hole through the primary mineralization hosting Granitic Intrusive and across the contact with the Mafic Volcanics.  As demonstrated in Figure 9, drill hole GHDD-004 was drilled in large part down the trend of mineralization and is an exaggerated width. However, this hole has in part, confirmed the continuity of grade down trend, extended the known depth of gold mineralization considerably deeper than previous historic drilling and has greatly improved the confidence in the geologic model of Peksou which will guide future drilling.

Figure 1: Golden Hill Property – Prospect Location Plan Map 
http://www.globenewswire.com/NewsRoom/AttachmentNg/28cf5982-4d3e-4db7-9549-338df76e5340

Figure 2: Ma Prospect – Drill Plan 
http://www.globenewswire.com/NewsRoom/AttachmentNg/33fcff64-3b94-4af7-9c38-9a3785a3aedb

Figure 3: Ma Prospect – Representative Drill Section (A –A’) 
http://www.globenewswire.com/NewsRoom/AttachmentNg/948dd88d-c0aa-4415-bc4f-12d49d621be2

Figure 4: Ma Prospect – Representative Drill Section (B-B’)  
http://www.globenewswire.com/NewsRoom/AttachmentNg/0b86246e-21c7-41a6-9f82-bb0e0cb2f633

Figure 5:  Ma Prospect – Representative Drill Section (G-G’) 
http://www.globenewswire.com/NewsRoom/AttachmentNg/c150ba95-e350-4b7c-98aa-00c900e152b1

Figure 6: Ma Prospect – Representative Drill Section (C-C’) 
http://www.globenewswire.com/NewsRoom/AttachmentNg/77fdffd7-9356-490d-b2e5-95a48790c104